Top Early-Stage VC Funds Closed in Europe in 2025

This article highlights the top early-stage venture capital funds in Europe that successfully closed capital in 2025 and are actively investing. For each fund, you’ll find how much capital they raised and a link to their official website if available. These funds represent key sources of seed and pre-seed funding across the continent.

Quick list of top early-stage VC funds closed in Europe in 2025

🇬🇧 VC Funds closed in United Kingdom

• DIG Ventures – $100M raised: London-based early-stage VC investing in AI, SaaS, and cloud startups. dig.ventures
• Arāya Ventures – ~$26M raised: Seed and pre-seed global fund backing AI, fintech, healthtech and future of work. araya.ventures
• Creator Fund – $41M raised: Early-stage fund supporting creative and tech startups.
• Concept Ventures – $88M raised: Pre-seed specialist focusing on software and tech founders. concept.vc
• BACKED VC – $100M raised: European early-stage VC supporting founders across sectors. backed.vc
• Outlier Grove – $20M raised: UK investor backing early-stage innovation.
• LocalGlobe XIII – $55.44M raised: London-based early-stage VC supporting European startups. localglobe.vc
• Balderton Early Stage Fund IX – $615M raised: European Series A investor with strong track record. www.balderton.com
• Osney Capital – £50M+ raised: UK-based early-stage VC that closed its first fund, focused exclusively on the early-stage Cyber sector in the UK. www.osneycapital.com

🇫🇷 VC Funds closed in France

• Ventech – ~$190M raised: Paris-based early-stage tech investor. www.ventechvc.com
• Polytechnique Ventures – ~$24.3M raised: Early-stage VC from Ecole Polytechnique. www.polytechnique-ventures.fr
• M2care – ~$26M raised: Healthtech venture studio investing in early medical innovation. www.m2.care
• ISAI Venture IV – €75M raised: French VC supporting tech startups. www.isai.fr
• Daphni Blue – €200M raised: European VC investing in digital transformation. www.daphni.com
• XAnge 5 – €200M raised: French early-stage VC. www.xange.fr
• Serena Fund IV – $231.2M raised: Early-stage fund for applied AI, SaaS, climate & energy transition, infrastructure, and impact, from pre-seed to Series A across Europe. www.serena.vc
• C4 Ventures III – €100M raised: French VC supporting early-stage tech companies. www.c4ventures.com

🇩🇪 VC Funds closed in Germany

• First Momentum Ventures – $38M raised: German early-stage investor.
• Vireo Ventures – $58M raised: Focus on early tech startups.
• SIVentures (formerly Smart Infrastructure Ventures) – $32M raised: B2B startup investor.
• Auxxo Female Catalyst Fund – $28M raised: Female-led focused seed fund in Berlin. auxxo.de
• Project A – $350M raised: Operational VC supporting early-stage founders. www.project-a.com
• Verne Capital – $110M raised: European venture capital investor.
• backtrace Capital – $32M raised: Early-stage tech investment.
• HTGF (High-Tech Gründerfonds IV) – €493.8M raised: One of Europe's most active VCs, ready to invest in early-stage startups. www.htgf.de

🇵🇱 VC Funds closed in Poland

• Movens Capital – $65M raised: VC backing Polish and CEE tech founders.
• vastpoint – $22M raised: Early-stage investor in Central Europe.
• Expeditions Fund – $115.6M raised: Poland-focused seed VC.

🇪🇸 VC Funds closed in Spain

• Aldea Ventures – $54M raised: Spanish early-stage tech investor. www.aldea.vc
• Nzyme – $172M raised: Spanish VC supporting tech and innovation.
• 4Founders Capital – $48M raised: Multi-sector early investor. 4founders.capital
• Nina Capital – $54M raised: Seed and pre-seed tech investor. www.ninacapital.com
• IRIS Ventures – $115.6M raised: Spanish early-stage VC.

🇮🇹 VC Funds closed in Italy

• Italian Founders Fund – $98M raised: Supporting Italian tech founders.
• Maia Ventures – $63.6M raised: Early-stage VC in Italy.

🇳🇱 VC Funds closed in Netherlands

• SHIFT Invest – $100M raised: Dutch VC backing purpose-driven founders. shiftinvest.vc
• DFF Ventures – $57.8M raised: Early-stage Dutch investor. dff.vc
• Rubio Impact Ventures – $80.9M raised: Impact-focused VC. rubio.vc
• Volve Capital – ~$9M raised: Low-capital early investor.
• NUNC Capital BV – €20M raised: Dutch VC providing capital for defense tech and innovations.

🇧🇪 VC Funds closed in Belgium

• Volta Ventures – $22M raised: Belgian early-stage VC. www.volta.ventures
• Imec.istart Future Fund – amount not disclosed: Tech and deep tech investor. www.istart.be

🇫🇮 VC Funds closed in Finland

• Nordic Foodtech VC – $44M raised: Sector-focused foodtech investor. nordicfoodtech.vc
• OpenOcean – $108M raised: Early-stage Nordic VC. openocean.vc
• Icebreaker.vc – amount not disclosed: Nordic early investor. icebreaker.vc
• Lifeline Ventures – ~$500M raised: Major Nordic seed-stage firm. www.lifelineventures.com
• Superhero Capital – €50M raised: Early-stage software startups across Finland and the Baltics.

🇩🇰 VC Funds closed in Denmark

• KOMPAS VC – $160M raised: Denmark-based tech VC. www.kompasvc.com
• Delphinus VC – $80M raised: Research-driven early investor. delphinus.vc
• Blackwood Ventures – $25M raised: Danish startup investor. blackwood.vc

🇸🇪 VC Funds closed in Sweden

• Norrsken VC – $350M raised: Large Nordic early-stage fund. norrsken.vc
• Behold Ventures – $59M raised: Early-stage Swedish investor. behold.vc
• Alliance Nordic – $43M raised: Nordic early investor. alliancenordic.com
• Incore Invest – $27M raised: Stockholm-based VC. incoreinvest.com
• Mätch VC – $53M raised: Swedish early-stage partner.

🇪🇪 VC Funds closed in Estonia

• Darkstar – $16M raised: Emerging Estonian VC investor.

🇨🇿 VC Funds closed in Czech Republic

• KAYA VC – $70M raised: Czech seed investment firm.
• Soulmates Ventures – $54M raised: Early-stage VC investor.
• United Founders – $92.5M raised: CEE VC backer.
• Rockaway Ventures Fund II – ~$59M raised: CEE early-stage investor. rockaway.vc

🇺🇦 VC Funds closed in Ukraine

• Flyer One Ventures – $54M raised: Ukrainian early-stage VC. flyerone.vc
• D3 Venture Capital Firm – $5M raised: Small Ukrainian investor.
• Ukraine Phoenix Tech Fund – $57.8M raised: Tech investment fund in Ukraine.
• ZAS Ventures – amount not disclosed: Ukrainian early-stage VC investing in UA-founded startups.

🇬🇷 VC Funds closed in Greece

• Marathon Venture Capital – $80M raised: Greek early investor.
• Evercurious VC – $13M raised: Greece-based seed fund.

🇱🇺 VC Funds closed in Luxembourg

• Balnord – $80.9M raised: Luxembourg early-stage investment fund.
• Giano Capital – €50M raised: Luxembourg-based early-stage VC.
• Catalpa Ventures – €10M raised: Healthcare-focused VC investing in early-stage healthcare startups.

🇲🇨 VC Funds closed in Monaco

• Monte Carlo Capital – $13M raised: Monaco-based early investor.

🇨🇾 VC Funds closed in Cyprus

• 33East – $28M raised: Cyprus tech investor.

🇧🇬 VC Funds closed in Bulgaria

• Innovation Capital – ~$39M raised: Bulgarian early-stage VC.

🇦🇹 VC Funds closed in Austria

• Calm/Storm – $34.7M raised: Austrian early investor.

🇱🇻 VC Funds closed in Latvia

• Outlast Fund – $21M raised: Latvian early-stage VC.

🌍 Europe (Pan-European)

• Cloudberry VC – €30M raised: Europe's first semiconductor VC fund investing across Europe. www.cloudberry.vc
• Point Nine Capital Fund VII – $165M raised: Berlin-based early-stage VC, one of the strongest partners in Europe for B2B SaaS and online marketplace startups. www.pointninecap.com

Conclusion

Europe's early-stage VC landscape in 2025 is rich and diversified, with dozens of funds actively ready to write checks across sectors and regions. From London's DIG Ventures closing a strong $100M early-stage fund to Nordic heavyweights like Lifeline Ventures with ~$500M in capital, founders looking to raise in Europe have a broad set of partners to choose from.